DEBT:
"An ingenious substitute for the chain and whip of the slave-driver."

From "The Devil's Dictionary"
Ambrose Bierce
1842-1914

An Insolvency Practitioner often holds potential assets, such as outstanding claims or other disputes where money may be due him, where he does not have the resources to pursue towards realisation.

Some of these will be unresolved insurance claims where there is no dispute as to liability, and only the quantum of the claim remains to be established and settled.

On other occasions an insolvent company may have a claim in respect of a dispute debt, of a faulty product supplied.

Davidsons provides a full range of services in respect of outstanding insurance claims. Uniquely, however, we will also consider other unresolved claims and disputes of insolvent companies and, if we consider that they are worth pursuing, will either manage the case or take it over.

Office holders may also be considering claims against Directors, Company Officers and others, arising out of the provisions of the Insolvency Act 1986. We are able to assist the insolvency proceeding in these circumstances, where the officer holder would like to pursue such claims but has neither the funds nor the expertise to do so.

We can also assist where an office holder is prevented from making a distribution to a creditor because he must reserve against potential liabilities which have arisen in the company post-appointment. We operate a risk-transfer and indemnity scheme which allows the office holder to fix his exposure, pay a dividend and close his books.

CREDITOR:
"One of a tribe of savages dwelling beyond the Financial Straits
and dreaded for their desolating incursions."

From "The Devil's Dictionary"
Ambrose Bierce
1842-1914